No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 28, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

JPMorgan’s Jamie Dimon says Bitcoin should not be part of US stockpiles

by TheAdviserMagazine
5 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
JPMorgan’s Jamie Dimon says Bitcoin should not be part of US stockpiles
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways

Jamie Dimon believes the US should prioritize military assets over Bitcoin in its stockpiles.
Dimon expressed concerns about US military readiness and the implications for its global status.

Share this article

JPMorgan CEO Jamie Dimon called on the US to focus on national security by stockpiling weapons and rare earths instead of Bitcoin, during remarks at the Reagan National Economic Forum.

“We shouldn’t be stockpiling bitcoins,” Dimon said during a panel discussion, adding that the US should be stacking weapons, tanks, drones, and rare earths.

Dimon pointed out concerns about current military readiness, noting limited stockpiles of missiles and other essentials, and argued that addressing these deficiencies should take precedence.

He also highlighted the challenges facing America, including internal political and economic issues, which he viewed as more pressing threats than external adversaries.

Dimon’s comments come after President Donald Trump’s March executive order establishing a Bitcoin reserve. The order positions Bitcoin as a strategic asset akin to gold or oil, aiming to strengthen the US economy and currency stability.

The initiative is actively progressing but still in its infancy, Trump’s top crypto advisors, Bo Hines and David Sacks, have stated.

Meanwhile, crypto enthusiasts are paying close attention to the Bitcoin ACT, introduced by Senator Cynthia Lummis, which is seen as laying the groundwork for a more formalized government Bitcoin accumulation strategy.

The bill was introduced in March and has been read twice and referred to the Senate Committee on Banking, Housing, and Urban Affairs. It has not yet advanced beyond this initial stage of the legislative process.

Dimon’s persistent doubts about Bitcoin’s staying power are not surprising, but his critique of the US Bitcoin reserve appears driven by national security priorities. He’s not blind to the business upside Bitcoin may offer.

Earlier this month, Dimon announced that JPMorgan will allow clients to purchase Bitcoin, though the bank won’t provide custody services.

The decision is striking, especially given that the CEO previously compared Bitcoin to the tulip mania bubble and said he would fire any employee caught trading it.

Other banking giants, including Morgan Stanley and Goldman Sachs, have already begun exploring the Bitcoin space. Morgan Stanley is preparing to launch crypto trading, featuring Bitcoin and Ether, on its E-Trade platform, with a rollout targeted for 2026.

The banks have also provided clients with indirect Bitcoin exposure through ETFs.

Share this article

Follow on Google News



Source link

Tags: BitcoinDimonJamieJPMorganspartstockpiles
ShareTweetShare
Previous Post

Factbox-The top sources of U.S. steel and aluminium imports

Next Post

How to Create an Estate Plan That Works for You

Related Posts

edit post
F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

by TheAdviserMagazine
October 28, 2025
0

Chun Wang, co-founder of major Bitcoin mining pool F2Pool, pushed back against a proposed temporary soft fork aimed at limiting...

edit post
BlackRock Ethereum ETF purchases .5M in ETH

BlackRock Ethereum ETF purchases $72.5M in ETH

by TheAdviserMagazine
October 28, 2025
0

Key Takeaways BlackRock clients bought $72.5 million worth of Ethereum in a single day via the spot Ethereum ETF. This...

edit post
Ethereum Price Prediction: ,300 Resistance Key as Institutions Add  M to ETH Treasuries

Ethereum Price Prediction: $4,300 Resistance Key as Institutions Add $78 M to ETH Treasuries

by TheAdviserMagazine
October 27, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Currently trading above $4,000, the Ethereum price...

edit post
Landmark ruling in India treats XRP as property, not speculation

Landmark ruling in India treats XRP as property, not speculation

by TheAdviserMagazine
October 27, 2025
0

A Madras High Court judge barred WazirX from reallocating a customer’s XRP holdings and declared cryptocurrency qualifies as property under...

edit post
Analyst slams S&P’s Strategy Bitcoin Treasury Rating

Analyst slams S&P’s Strategy Bitcoin Treasury Rating

by TheAdviserMagazine
October 27, 2025
0

Crypto market analyst Adam Livingston has sharply criticized S&P Global Ratings after the agency assigned a ‘B-’ issuer credit rating...

edit post
Shiba Inu Hides A 2,000% End-Cycle Breakout, Analyst Predicts

Shiba Inu Hides A 2,000% End-Cycle Breakout, Analyst Predicts

by TheAdviserMagazine
October 27, 2025
0

Popular technician Charting Guy (@ChartingGuy) calls Shiba Inu “weak and choppy” and suggests the token may not break out until...

Next Post
edit post
How to Create an Estate Plan That Works for You

How to Create an Estate Plan That Works for You

edit post
Il prezzo di Dogecoin rischia il tracollo se non regge questo livello chiave

Il prezzo di Dogecoin rischia il tracollo se non regge questo livello chiave

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

0
edit post
10 Low-Cost Ways Boomers Can Boost Retirement Income Without New Skills

10 Low-Cost Ways Boomers Can Boost Retirement Income Without New Skills

0
edit post
Earnings Summary: A snapshot of Revvity’s (RVTY) Q3 2025 report

Earnings Summary: A snapshot of Revvity’s (RVTY) Q3 2025 report

0
edit post
Inside the New Salt Lake City Delta Sky Club: Giant and Cozy

Inside the New Salt Lake City Delta Sky Club: Giant and Cozy

0
edit post
The AI Transformation of the Professional Services Industry

The AI Transformation of the Professional Services Industry

0
edit post
10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

0
edit post
F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

October 28, 2025
edit post
Gen Zers are using AI to skip meetings, get promoted faster and win bigger salary hikes. But they don’t feel great about it

Gen Zers are using AI to skip meetings, get promoted faster and win bigger salary hikes. But they don’t feel great about it

October 28, 2025
edit post
Law firms call off mega merger

Law firms call off mega merger

October 28, 2025
edit post
Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

October 28, 2025
edit post
10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

October 28, 2025
edit post
Auto sector enters long-term growth cycle; M&M, Maruti, Bajaj Auto among top picks: Sandip Sabharwal

Auto sector enters long-term growth cycle; M&M, Maruti, Bajaj Auto among top picks: Sandip Sabharwal

October 28, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork
  • Gen Zers are using AI to skip meetings, get promoted faster and win bigger salary hikes. But they don’t feel great about it
  • Law firms call off mega merger
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.